Parliament has adopted plans to increase EU production of ammunition and missiles to address the current shortage.
According to the text, agreed upon with Council, the Act in Support of Ammunition Production (ASAP) aims to accelerate the delivery of ammunition and missiles to Ukraine and to help member states restock their arsenals. By introducing targeted measures, including €500 million in financing, ASAP aims to ramp up the EU’s production capacity to address the current shortage of defence products, specifically artillery ammunition, missiles and their components.
During negotiations with Council, MEPs ensured that a more diverse range of projects receive funding, and that small and medium-sized enterprises (SMEs) would be eligible for a higher funding rate. They secured new financing that should not come at the expense of existing cohesion funding. MEPs also pushed to ensure that EU countries will provide Ukraine with the ammunition funded under this legislation, without it being subject to export restrictions.
European Parliament negotiating team leader Cristian Bușoi (EPP, RO) said: “Today’s vote marks another step forward for Europe’s security and defence, and in our steadfast support of Ukraine in the face of the ongoing Russian aggression. We delivered on the most urgent aspect of the law: ensuring the provision of more ammunition for Ukraine. It is a testimony of Europe’s solidarity and for our collective security.”